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    Property profile & analytics

    2355 Arlington Hts Rd Arlington Heights, IL 60005-4505

    • Office buildings
    • 1.40 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Last Sale
    Jun 24, 2024
    Location Intelligence
    Property ID
    US28-2784489
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aspect Software Inc / Software Company
    • Dr. Kiumars Mostowfi, MD / Doctor
    • John G. O'Brien / Attorney
    • Flying Fish Services / Freight Forwarding Service
    • IHP Arlington Heights / Professional Services / Store

    Property Details for 2355 Arlington Hts Rd

    Year built
    1973
    Lot size
    1.40 lot acres
    Property type
    Office buildings
    APN
    08-16-401-046
    APU
    816401046

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $580,000
      6.5%
      $560,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $460,000
      Mixed-Use
      $460,000
      Hospitality
      $505,000
      Educational
      $510,000
      Residential Income
      $430,000
      Energy
      $430,000
      Income-Based Land
      $425,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.9824
    Latitude
    42.0431
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $114,185
    $228,423
    $234,202
    $462,625
    -
    $913,692
    $936,808
    $1,850,500

    Comparable in this City

    • Value Estimation by Request
      7.19 Acres

      85 Algonquin Rd

      OFFICE BUILDING (MULTI-STORY) • 7.19 Acres
      85 Algonquin Rd, Arlington Heights, IL 60005-4422
      View Details
    • Value Estimation
      $1,180,000
      0.90 Acres

      2340 Arlington Hts Rd, Unit 640

      OFFICE BUILDING (MULTI-STORY) • 0.90 Acres
      2340 Arlington Hts Rd, Arlington Heights, IL 60005-4516
      View Details
    • Value Estimation by Request
      4.58 Acres

      121 Wilke Rd

      OFFICE BUILDING (MULTI-STORY) • 4.58 Acres
      121 Wilke Rd, Arlington Heights, IL 60005-1533
      View Details
    • Value Estimation
      $3,385,000
      2.40 Acres

      2340 Arlington Hts Rd

      OFFICE BUILDING (MULTI-STORY) • 2.40 Acres
      2340 Arlington Hts Rd, Arlington Heights, IL 60005-4516
      View Details
    • Value Estimation by Request
      6.46 Acres

      95 Algonquin Rd

      OFFICE BUILDING (MULTI-STORY) • 6.46 Acres
      95 Algonquin Rd, Arlington Heights, IL 60005-4462
      View Details
    • Value Estimation
      $395,000
      1.11 Acres

      605 Algonquin Rd

      OFFICE BUILDING (MULTI-STORY) • 1.11 Acres
      605 Algonquin Rd, Arlington Heights, IL 60005-4373
      View Details

    Similar Nearby for Sale

    • $925,000
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      +-21780 SF Office Building For Sale

      +-21780 SF Office Building For Sale
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    • $2,495,000
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      3150 W Salt Creek Ln, Arlington Hts, IL 60005
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      Well-Maintained Building Near Hospital

      Well-maintained building near hospital, ideal for multiple future uses.
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      62,537 SF Executive Office in Arlington Heights
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      Arlington Heights Office Building

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      109,000 SF

      Arlington Heights Medical Office Space

      Medical office space available in Arlington Heights, Illinois.
      3030 Salt Creek Ln, Arlington Hts, IL 60005
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    Similar Nearby for Lease

    • $17 SF/Yr

      Professional Office Park For Rent

      Three-building office park with abundant parking and on-site storage.
      121 S Wilke Rd, Arlington Hts, IL 60005
      View Details
    • $13 SF/Yr
      38,534 SF

      Arlington Heights Medical Suites

      Prime Medical Office Space Available
      2010 Arlington Hts Rd, Arlington Heights, IL 60005
      View Details
    • Contact for pricing
      30,000 SF

      Arlington Heights Medical Office Building

      Prime Medical/Office Space, 30,000 SF
      825 Golf Rd, Arlington Heights, IL 60005
      View Details
    • $12 SF/Yr
      25,914 SF

      Arlington Heights Office Park

      15 Suites, 128-3031 sq ft, Cook County
      115 Wilke Rd, Arlington Heights, IL 60005
      View Details
    • $22 SF/Yr

      Medical Office Space For Lease

      Medical office suites available near Northwest Community Hospital.
      1700 W Central Rd, Arlington Hts, IL 60005
      View Details
    • Contact for pricing
      23,685 SF

      Arlington Heights Office Space Available

      23,685 square feet of office space for rent.
      95 W Algonquin Rd, Arlington Hts, IL 60005
      View Details
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    2355 Arlington Hts Rd
    Arlington Heights, IL 60005-4505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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